What effect on directly post to asset reconciliation account ?

[former_member800835]

Dear Sir

i want to post the entry on asset recon. account(3121000), and i know it is not possible but if i do configure with tcode OAMK and remove the mark recon account as blank. then i want to know that after direct posting in this recon. account(3121000) then what effect occur in ledger or in balance sheet.

entry is-

5191001 (Expense account)

Repair & Maint (Building) DR.

3121000 (Recon. account)

CWIP (BUILDING) CR.

Thanks in advance

Rakesh

[sanilbhandari · Accepted solution]

Hi

You should not use Asset Subledger if you want to post a direct journal entry. You will not be able to show this transaction in Asset Reports as well as calculate depreciation, post capitalization, retirements etc.

Thanks & regards

Sanil

[former_member800835 · Accepted solution]

This means it will be called adjustment entry only.

[sanilbhandari · Accepted solution]

While it would be a journal entry, you would have issues in year end close as well as subledger based reports in Asset Accounting. I would not encourage to use this route.